Announcement: SOA releases passing candidate numbers for April 2025 Exam FM and congratulation to the new FSAs for June 2025.

Governance Facts

The Society of Actuaries (SOA) is governed by its members via the following;

Other key governance components:

  • The SOA Board of Directors consists of a president, president-elect, past president and 15–20 other members elected by the fellows and referred to as "elected members."
  • The SOA Board's strategic plan guides their work over a specific time on behalf of candidates, members, employers, policymakers, regulators and the public.
  • SOA committees are run by and for members and include a variety of specialties and sub-specialties of the actuarial profession.

Strategic Review of Governance Structure - Fall 2025

In the fall 2024, the SOA Board of Directors launched a significant project to review key elements of the organization's governance structure. This initiative is designed to ensure the governance framework remains robust and aligned to support the organization’s long-term success and the effective execution of its strategic plan. Learn more about these developments and next steps.

Governing Documents

Below is a representative list of SOA governing documents.

  • Current SOA Bylaws: Describes the SOA's purpose, types of memberships and how to join. Also explains the SOA Board of Directors, committees, nominations, elections and sections.
  • Code of Professional Conduct: Outlines the professional responsibilities that SOA actuaries have to the public, their clients, employers and the actuarial profession.
  • Conflict of Interest Form: Defines how anyone involved in SOA activities or decision-making must disclose conflicts, or potential conflicts. These include personal, professional or business interests that may directly or indirectly affect their activities or decisions.
  • Code of Conduct for Candidates: Explains how candidates must maintain high standards of conduct and honor their responsibility to the public.
  • Code of Conduct for Professional Affiliates: Requires Professional Affiliates to adhere to high standards of ethical conduct and professional practice, thereby supporting the actuarial profession in fulfilling its responsibility to the public. 
  • Notices of Disciplinary Determinations: Provides information on specific disciplinary actions.